Highlights include 54.2m at 3.33g/t PGM+Au, 0.22% Ni from 280.5m, including 32.5m at 4.99g/t PGM+Au, 0.30% Ni from 300.2m

VANCOUVER, August 15, 2023 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF), (“Bravo” or the “Company”) announced that it has received assay results from fifteen diamond drill holes (“DDH”) from the Southwest and Central Sectors at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project (“Luanga” or “Luanga PGM+Au+Ni Project”), located in the Carajás Mineral Province, state of Pará, Brazil. Results are all from Bravo’s Phase 2 Program that is successfully targeting potential extensions to mineralization down to approximately twice the depth of both historical and Bravo’s Phase 1 drilling.

“The Phase 2 drill program continues to successfully define PGM+Au+Ni mineralization at depth from 150m to ~330m below surface. DDH23LU175 demonstrates consistent thicknesses and grades at these depths, suggesting potential for significant zones of higher-grade mineralization that could be amenable to open pit and/or underground exploitation in the future,” said Luis Azevedo, Chairman and CEO of Bravo. “Central Sector Drilling (DDH23LU163 and DDH23LU164) continues to intercept narrow zones of magmatic nickel sulphide mineralization supporting Luanga’s nickel sulphide exploration potential. With final HeliTEM survey and ground geophysics (magnetics and micro-gravity) data interpretation expected to be completed soon, our upcoming exploration drilling efforts will be directed towards targets pinpointed by these surveys.”

Highlights Include:

DDH23LU175 returned one of Bravo’s deepest higher-grade intercepts yet with 54m at 3.33g/t PGM+Au and 0.22% Ni from 280m, including a high-grade zone of 32m at 4.99g/t PGM+Au and 0.30% Ni from 300m downhole (Figure 1).
Results from deeper drilling (Phase 2 Program) in the Central Sector continue to identify higher-grade mineralization at depths of ~150m to 330m below surface, which is under Bravo’s Phase 1 and historical drilling (Figures 1 and 2) and suggests potential to double the depth extent of mineralization in these areas.
Final data has been received from the HeliTEM (airborne electromagnetics) survey over the entire (7,810ha) Luanga project. Full interpretation will commence next week. The detailed ground magnetic and micro-gravity surveys covering all the prospective stratigraphy at Luanga are expected to be completed in the next 10 days. It is anticipated that the interpretations of all 3 geophysical surveys will be available together.

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https://bravomining.com/investors/news-releases/bravos-phase-2-program-defines-thick-high-grade-pgm-au-ni-mineralization-at-depths-of-up-to-330m-below-surface/